Dillon Read hired public relations man Ivy Lee to prepare their executives for their
testimony and to confuse and further baffle the Congressmen. Lee apparently took
enough time out from his duties as image-maker for William S. Farish and the Nazi I.G.
Farben Co.; he managed the congressional thinking so that the Congressmen did not
disturb the Draper operation in Germany--and did not meddle with Thyssen, or interfere
with Hitler's U.S. moneymen.
Thus in 1932, William H. Draper, Jr. was free to finance the International Eugenics
Congress as a Supporting Member ''. Was he using his own income as a Thyssen trust banker? Or did the funds come from Dillon Read corporate accounts, perhaps to be written off income tax as expenses for German project: race purification ''? Draper
helped select Ernst Ru@audin as chief of the world eugenics movement, who used his
office to promote what he called Adolf Hitler's `` holy, national and international racial
hygienic mission. ''
W.S. Farish, as we have seen, was publicly exposed in 1942, humiliated and destroyed.
Just before Farish died, Prescott Bush's Nazi banking office was quietly seized and shut
down. But Prescott's close friend and partner in the Thyssen-Hitler business, William H.
Draper, Jr., neither died nor moved out of German affairs. Draper listed himself as a
director of the German Credit and Investment Corp. through 1942, and the firm was not
liquidated until November 1943. But a war was on; Draper, a colonel from previous
military service, went off to the Pacific theater and became a general.
General Draper apparently had a hobby: magic--illusions, sleight of hand, etc.--and he
was a member of the Society of American Magicians. This is not irrelevant to his
subsequent career.
The Nazi regime surrendered in May 1945. In July 1945, General Draper was called to
Europe by the American military government authorities in Germany. Draper was
appointed head of the Economics Division of the U.S. Control Commission. He was
assigned to take apart the Nazi corporate cartels. There is an astonishing but perfectly
logical rationale to this--Draper knew a lot about the subject! General Draper, who had
spent about 15 years financing and managing the dirtiest of the Nazi enterprises, was now
authorized to decide who was exposed, who lost and who kept his business, and in
practical effect, who was prosecuted for war crimes.
(Draper was not unique within the postwar occupation government. Consider the case of
John J. McCloy, U.S. Military Governor and High Commissioner of Germany, 1949-
- Under instructions from his Wall Street law firm, McCloy had lived for a year in
Italy, serving as an advisor to the fascist government of Benito Mussolini. An intimate
collaborator of the Harriman/Bush bank, McCloy had sat in Adolf Hitler's box at the
1936 Olympic games in Berlin, at the invitation of Nazi chieftains Rudolf Hess and
Hermann Goauring.)
William H. Draper, Jr., as a conservative, '' was paired with the liberal '' U.S.
Treasury Secretary Henry Morgenthau in a vicious game. Morgenthau demanded that